Page 8 - Liquor Firms

Liquor traders request Delhi govt to reinstate private vend licenses

Currently most of the former L-7 and L-10 licensees have the possession of their owned or leased shops and are capable of providing their services from September 1, if issued the required license

Delhi govt likely to open 500 liquor vends from September 1: Report

According to a report, the Delhi govt is likely to operate as many as 500 liquor vends from September 1. The move comes amid the absence of no private players in the retail sale of alcohol

Gurugram liquor shops see hike in sales amid excise policy row in Delhi

Liquor vends in Gurugram reported 2-3 per cent rise in sales as Delhi faced a "dry day" like situation with all private liquor shops and bars remaining closed on Monday.

Delhi liquor vendors' excise licenses extended till Aug31; LG's nod awaited

Preempting chaos due to liquor shortage in the city, Delhi government on Sunday decided to extend existing licences of liquor shops till August 31, officials said

United Spirits Q1 profit jumps five-fold to Rs 261.1 cr, net sales up 15.6%

Commenting on the results, Diageo India CEO Hina Nagarajan said: "Our business today is ahead of pre-pandemic levels, substantiating the resilience of our category."

Time to raise a toast to liquor stocks? Selectively, say analysts

Analysts believe the worst may be over for the sector, with out-of-home (OOH) consumption picking up, and reduction in taxes by some state governments

We'll be only co in India with play in both beer and spirits: Inbrew chief

In a Q&A, Ravi Deol talks about why he acquired these mass brands and the Inbrew Holdings' plans to grow the business

United Spirits to focus on premium brands after selling 32 low-priced ones

United Spirits's higher-priced products, called 'Prestige & Above' segment, accounted for 72.5% of net sales in FY22

United Spirits board okays sale of select liquor brands, reshape portfolio

USL's popular portfolio comprises around 30 entry-level lower-priced liquor brands, with an average price less than Rs 400

India should drop its high foreign liquor taxes, says France's Pernod

The 150% tax on imported liquor has long been a sore point for the industry, and poses a "large challenge" for Pernod Ricard, South Asia CEO Thibault Cuny said

Liquor makers approach NCLAT, allege abuse of dominance by KSBC

Liquor industry bodies CIABC and ADBVI have approached the NCLAT alleging abuse of dominant position by the Kerala State Beverages (Manufacturing and Marketing) Corporation in the state

No sale of liquor during weekend curfew: Karnataka Excise Minister

The Karnataka government issued a set of prohibitory orders including weekend and night curfews for two weeks to check the rising Covid cases

Riding on innovation, Old Monk eyes record 10 million sales next year

The company also started the sale of beer brand Old Monk 10000 (American Malt Liquor) in August

Global liquor makers hail Maharashtra govt's move to cut excise duty

Global liquor major Diageo and the International Spirits and Wines Association of India (ISWAI) on Monday welcomed the move of the Maharashtra government to slash the excise duty by 50 per cent on imported liquor. However, domestic Indian-made foreign liquor (IMFL) manufacturers are opposing the move. The Confederation of Indian Alcoholic Beverage Companies (CIABC), which represents the domestic liquor industry, said it is "fraught with danger" for the Indian industry and will reduce the state government's revenues. The Maharashtra government has slashed excise duty on imported scotch whiskey by 50 per cent to bring its price on par with that in other states. Diageo, which owns global brands such as Johnnie Walker, Black & White, Vat 69, Smirnoff - termed it as progressive' policy and compliment the Maharashtra Government. "Diageo India welcomes the reduction in excise duty on imported spirits, which is in line with what we are seeing in other states. The reduction in duties will

With Delhi's new excise policy in, 194 set to lose jobs

With the discontinuation of Delhi government liquor vends in wake of the new excise policy, 194 outsourced employees hired through (ICSIL), engaged in liquor business have lost their jobs.

Liquor business: New excise regime to hit Delhi markets from Wednesday

Tuesday was the last business day for nearly 600 government-run liquor shops operating across the national capital

Alcohol stocks in limelight, jump up to 10%; United Spirits at record high

Pioneer Distilleries, Tilaknagar Industries, IFB Agro Industries, Khoday India, GM Breweries, Som Distilleries and United Breweries were rallied by upto 10% on the BSE in intra-day today.

United Spirits second quarter profit jumps two-fold to Rs 286 crore

During the quarter, USL's off-trade gained momentum as the second wave of the pandemic started receding, while on-trade continues to gradually recover with the easing of restrictions

Delhi govt has power to float New Excise Policy 2021, observes HC

The Delhi High Court refused to stay the closure of retail vends having L7 licences for the sale of Indian liquor in private sector under the old policy with effect from September 30

HC asks Delhi govt to respond to liquor retailers' pleas to extend licences

The Delhi HC sought response of the Delhi government on two pleas by retail liquor vendors seeking to extend their licences in particular categories till Nov 16